Wintermute, a market maker and liquidity provider, reported a 400% increase in its over-the-counter (OTC) volume throughout the year as trading shifted away from exchanges, with liquidity becoming a persistent challenge in the cryptocurrency market in 2023.
The semiconductor and cybersecurity sectors are leading the recovery in the equity markets, with stocks such as NVIDIA, Marvell Technology, CrowdStrike, and Zscaler showing strength and breaking out on above-average volume. This indicates that the equity markets are set up to move higher, potentially reaching new all-time highs for the S&P 500 and Nasdaq 100.
Taiwan's elections are being closely monitored by market players due to their significant geopolitical implications, although many are cautious to express their views on the politically sensitive topic.
Taiwan's presidential election is seen as a highly important geopolitical event by markets, with China being the main factor to watch.
Top economist David Rosenberg warns that the current stock market resembles the conditions leading up to the market crash in 2022, with positioning, sentiment, and technicals all indicating extreme readings and worse fundamentals.
The stock market rally showed little change with Dow Jones futures, S&P 500 futures, and Nasdaq futures staying flat, while the SEC announced that it has not yet approved spot Bitcoin ETFs due to a compromised social network account.
Bank of America predicts that Japan's stock market will reach a new record high in 2024, driven by a resilient economy, increased profits, undervalued stocks, and corporate reforms.
Asian markets continue to experience losses as traders await key inflation data and the start of earnings season, leading to concerns about the Federal Reserve's interest rate cuts.
Market sentiment turned cautious as Treasury yields increased, putting pressure on major US indexes, ahead of Thursday's CPI report and Friday's earnings releases from major investment banks.
The Securities and Exchange Commission (SEC) faced criticism and calls for an investigation after a bogus tweet from its official account caused a rapid increase and subsequent decrease in bitcoin's price, revealing vulnerabilities in the regulator's ability to protect investors and prevent market manipulation.
Japanese left-handed pitcher Shōta Imanaga is reportedly close to signing a deal with the Chicago Cubs for around $30 million over two years, with potential earnings of up to $80 million through bonuses and options. The Boston Red Sox were not serious bidders for Imanaga, and it remains uncertain why his ultimate deal fell significantly short of earlier expectations.
The global bond market may soon start worrying about soaring budget deficits and increasing government debt supply, as governments from the US, UK, eurozone, and Japan plan to sell a net $2.1 trillion of new bonds to finance their 2024 spending plans.
The Securities and Exchange Commission's (SEC) Twitter account was hacked and falsely announced the approval of bitcoin investment funds before being deleted and disavowed by the agency.
Gold prices and the Japanese yen have weakened recently due to concerns that the Federal Reserve's anticipated easing may not materialize, and the direction of both assets will depend on U.S. inflation data expected on Thursday.
Pfizer's stock closed at $29.40, down 0.61% from the previous day, and the company is set to release its earnings report, with estimates projecting a significant decline in EPS and revenue compared to the previous year.
Paypal's stock price decreased by 1.12% compared to the previous day, while the S&P 500 experienced a 0.15% loss, the Dow dropped by 0.42%, and the Nasdaq increased by 0.09%.
Exxon Mobil's stock has seen a slight decline and is projected to have a significant drop in earnings per share, causing investors to closely monitor the upcoming earnings release and any recent adjustments to analyst estimates.
Josh Hader is expected to sign the largest contract for a reliever this offseason, potentially surpassing Edwin Díaz's $102 million deal with the Mets, but it remains unclear which team will land Hader.
Stocks on Wall Street finished the day in mixed territory as the Dow Jones Industrial Average slipped 0.4%, the S&P 500 fell by nearly 0.2%, and the Nasdaq Composite crawled above the flatline after an early week tech-fueled rally wavered due to a Samsung profit warning.
EUR/USD slipped 0.2% as investors favored the USD, despite a slight decline in euro area unemployment, and the focus for the rest of the week will be on US CPI inflation.
Stocks recover somewhat from early losses, with the Nasdaq Composite closing slightly higher, while the S&P 500 and Dow Jones Industrial Average register modest declines; Boeing shares continue to fall after loose bolts are found on some 737 Max 9 jets by United Airlines and Alaska Airlines; Microchip Technology rebounds after analysts say it could benefit from an "Analog Renaissance"; GSK acquires Aiolos Bio for $1.4 billion, boosting its respiratory portfolio.
Stock-market investors may be setting themselves up for disappointment and losses by engaging in "Goldilocks thinking" on the economy, according to legendary investor Howard Marks, who warns that this mindset creates high expectations and room for potential losses.
A study published in Financial Innovation proposes a quantum mechanics model to explain stock market fluctuations and identifies economic uncertainty as a factor influencing herding behavior in stock returns.
A historic house in Pepperell, Massachusetts that was once a post office, general store, and possibly a stop on the Underground Railroad is now on the market for $499,900, featuring three bedrooms, one bathroom, and a fascinating past.
The Consumer Price Index (CPI) report for December is expected to show a slight increase in overall inflation, but with positive news once food and energy costs are excluded, indicating that the Federal Reserve may be able to cut interest rates in March.
President Joe Biden's reelection campaign criticizes former President Donald Trump for expressing his desire for an economic crash, highlighting Biden's economic record as Trump continues to have more trust from voters in managing the economy.
Morgan Stanley expects affordability in the housing market to improve as mortgage rates decrease, potentially leading to a mild decrease in home prices by 2024.
Amidst ongoing global battles against inflation and economic challenges, S&P Global Commodity Insights predicts that in 2024, metals markets will be driven by factors such as supply-demand dynamics, geopolitical tensions, and shifting equilibriums that will affect prices for gold, copper, lithium, cobalt, nickel, zinc, and iron ore.
The meteoric rise of the Magnificent Seven stocks leads to concerns about valuation and overconcentration in the stock market.
The US Dollar (USD) Index is trading higher as negative market sentiment pushes investors to seek refuge in the Greenback, with the upcoming Consumer Price Index (CPI) outcome on Thursday being closely watched for its potential impact on the pair's movement.
The DEA is investigating ShanghaiChemicals, an online market based in China, for potentially scamming users and illegally shipping fentanyl and other narcotics to the U.S., with $3.5 million in cryptocurrency flowing into connected accounts in just 10 months in 2021.
Carta has decided to shut down its secondary trading business due to misusing customer data, marking it as a major failure and disappointment for CEO Henry Ward. This decision comes after public backlash on social media and adds to the legal battles the company is already facing.
The value of the US housing market in the 50 largest metro areas has increased by about 38% between 2019 and 2022, reaching $23.48 trillion, with New York, Los Angeles, and San Francisco having the most valuable housing markets.
The metal forging market is projected to grow from USD 82.3 billion in 2022 to USD 158.8 billion by 2032, driven by the growth of the automobile industry, energy sector, and aerospace industry, as well as increasing investments in infrastructure and transportation.
Tech stocks lost momentum after a Samsung profit warning, causing stocks to be mixed in afternoon trading, with the Dow Jones and S&P 500 slipping and Nasdaq turning barely positive.
BofA Securities published a report highlighting 10 potential surprises that could impact investors this year, including a possible shift from bonds to stocks due to high bond taxes, a resurgence of IPOs and M&As, the Japanese market performing well, geopolitical risks impacting tech giants, and increased interest in biotech and pharma sectors, among others.
The growing mismatch between the market's rate-cut expectations and the Federal Reserve's policy could lead to a major sell-off as rate bets begin to adjust, causing pain across asset classes, according to an HSBC strategist.
Tesla's market share in the US increased to 4.2% in 2023, resulting in larger market share than brands like Volkswagen and BMW, according to data from Cox Automotive and Kelley Blue Book, with overall EV sales rising 46% from the previous year; however, Tesla's average transaction price decreased, and increased EV competition may bring pressure on top US EV sellers.
Abercrombie & Fitch, once plagued by lawsuits and struggling to stay relevant, has successfully rebuilt its brand and outperformed chipmaker Nvidia, with its share price rising more than 245% in the past year, due to strong profit reporting, guidance, and a shift in focus towards young millennials.
Nvidia and Tesla are both good investments due to their dominant positions in their industries, but Nvidia appears to be the better choice based on its faster growth rate and lower valuation.
A potential bull market in 2024 presents opportunities for investors, such as buying stock split stocks like Nvidia and Tesla, which have strong growth potential and dominant positions in their industries.
Equity bulls are banking on a soft landing for the economy, but historical data suggests that a 1.5 percentage point rate cut by the Federal Reserve is usually associated with a recession rather than a soft landing.
Stocks moved lower on Tuesday as a Samsung profit warning disrupted the previous day's tech rally, with the Dow Jones, S&P 500, and Nasdaq Composite all experiencing declines.
Wall Street analysts are optimistic about the stock market rally continuing in 2024, with expectations of a 9% rise in the S&P 500 index and potential double-digit percentage jumps, making Intel and CrowdStrike attractive investment options due to their growth prospects in the semiconductor and cybersecurity markets, respectively.
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Wall Street slips slightly after its best day in two months, with the S&P 500 down 0.5% in early trading, as tech stocks sink and Eversource Energy experiences a significant loss in the S&P 500 due to its stake in offshore wind projects.
Bond markets are aggressively pricing in cuts by the Federal Reserve due to concerns about the weakening labor market and below-target inflation, suggesting a potential return to neutral Fed Funds in the next 12-18 months.
Florida's reign as the hottest housing market in the US has come to an end as home prices surge nationwide, with Detroit surpassing Miami as the city with the highest appreciation growth, according to the CoreLogic home price index for November 2023. Despite rising mortgage rates, home prices in affordable markets continue to increase due to high demand and inventory shortages, while more expensive markets in the Mountain West and Northwest see slower growth. CoreLogic predicts a slowdown in home price gains for November 2024, but warns of potential declines in several overvalued housing markets, particularly in Florida.
The upcoming CPI report may result in lower energy costs, higher food prices, a decline in automotive and used vehicle prices, and higher tobacco costs, affecting various sectors in the market.
The US's record-high crude production and growing exports are making it difficult for Saudi Arabia and its OPEC+ allies to support oil prices and maintain market share.